out here at 1085.25 for +4
ES Journal Archive (2011)
- Thread starter Buy1Sell2
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out here at 1085.25 for +4
Quote from Jestersofmalice:
Dont worry, I didn't think you were trying to impose your style on to me
And Well done on your trade
I sometimes think of stops like a Golf handicap (not that i've ever held a gold club!)
The good players have a low handicap.
Good traders can have tight stops, as their entries are so good.
Rookies like me might need a bit more breathing room, lol.
I dont know. Like I say, nothing is set in stone and im always looking to alter and adapt things in the hope of improvement so I take your comments on board, as I do any traders who post their trades in realtime and aren't complete nut bars.
Stops are gamed by HFT. I understand a hard line in the sand but trying to do them on an intraday basis will slowly but surely chop one up. Trade reasonable size with a reasonable account size and you won't have to use them.
Great trade.
I somehow messed up my calculations, so I had not updated my 50% level correctly, but that is exactly where we bounced.
Did you play the bounce off there or was it another trigger?
and your point is????
Read the 2nd part of my statement. It will be diff for everyone so I am not going to suggest what to use.
Put that guy on your ignore list where he belongs. We all know who he is, right?
+4
Yeah, the 50% fib, coinciding with some general volume analysis (which i'm quite new too)
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